Issue Price
₹95
Per Share
GMP
NIL
Grey Market
Est. Listing
₹95
Expected Price
Min. Application
₹228,000
2 lots × 1200 shares
Incorporated in 1996, Sadhav Shipping Limited owns and operates marine assets to service ports, and coastal logistics, and provides other port maritime-related services. The company was previously known as Homa Offshore & Shipping Company Private Limited.The company has barges that are used in coastal and inland waterway shipping for the transportation or lightering of goods. The company operates and manages Port crafts and also offers high-speed security boats for patrol services.Sadhav Shipping has three business divisions:Offshore Logistics: Exploration and production of oil and gas in offshore fieldsPort Services: High-speed patrol boats for portsOil spill response: Tier 1 oil spill response equipment for portsThe company has 24 ships, of which 19 are owned and 5 are leased, which are deployed in various sectors of maritime trade in India.As of March 31, 2023, the company had 421 employees.
Sadhav Shipping Ltd proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| Market Maker | 202,800 | — | ₹1.93 Cr | — |
| TOTAL | 4,018,800 | 100.00% | ₹38.18 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹114,000 |
| Retail (Max) | 13 | 15,600 | ₹1,482,000 |
| sNII (Min) | 14 | 16,800 | ₹1,596,000 |
| bNII (Min) | 68 | 81,600 | ₹7,752,000 |
| Particulars | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Revenue from Operations | 3385.69 | 7890.59 | 6977.94 |
| EBITDA | N/A | N/A | N/A |
| Profit After Tax (PAT) | 406.97 | 775.44 | 300.93 |
| Net Worth | 4501.44 | 4094.46 | 3503.51 |
| Total Assets | 13113.49 | 11628.71 | 6909.44 |
| Reserves & Surplus | 4206.18 | 3799.21 | 3208.26 |
| Total Borrowings | 6681.84 | 5527.45 | 2083.08 |